NZDUSD bounce above 0.5600 is gaining traction NZDUSD is breaking above 0.5700. This break should be confirmed in the coming days which will mark the end of the bottoming phase and lead to a substantial reversal higher to 0.6200. A perfect long-term falling wedge has been structured with great […]
NZDUSD is ready to explode higher Read More »
USDCHF is rejected from 1.0100 USDCHF is reversing from the strong upside resistance of 1.0100. It is now testing the rising wedge support line 0.9980. A break below this level would lead to a complete capitulation and a pullback lower to 0.9500. Only a break above 1.0200 would change
USDCHF reversal has started Read More »
SPX bounce from the support zone SPX bounced from 3500 and is breaking above 3650. It has broken above the short-term descending wedge and is continuing to the upside by retesting the broken 3640 resistance. There is a lot of space in the long-term descending wedge to the upside
SPX is getting out of the falling wedge Read More »
XAUUSD is testing the long-term uptrend line 1620 XAUUSD is testing 1620 again. A confirmed break below 1620 is required for the downside breakout and a bounce from here would lead to an upside reversal for the test of 1700. Look for a possible final dip to 1580 before
XAUUSD is triggering a long-term trend line again Read More »
EURJPY is testing the 2014 high EURJPY is reaching the long-term broadening wedge upside resistance of 147.50. We can expect rejection if a substantial pullback in JPY pairs across the market happens. A confirmed break above this level is required and will open more upside continuation towards 150 and
EURJPY is reaching the long-term resistance Read More »
